Los Angeles RA# 1413 San Bernardino RA# 1582
LAW Recoveryis committed to exceeding our customer’s expectations. We believe that “Our goal is not only to restore their relationship with their creditors, But also restore their relationship with their creator.” We Strive to continuous improvement and welcome your feedback, questions, comments and concerns.
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LAW RECOVERY SERVING LOS ANGELES VIDEO
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L.A.W. Recovery, a repossession company in los angeles CA goes out to skid row to Evangalize to reach the lost, the addicts, the homeless the ones that need to be shared the love of Jesus Christ.They have commited 3 Saturdays a month to goes out to Skid Row with Angel’s Camp & Brewline fellowship. Their purpose? to Serve as Jesus did, and to be the hands and feet of Jesus. To reach the lost and the sick. The personal property like clothes, shoes, blankets, sleeping bags, tents that are expired after 60 days goes out to the streets of los angeles to the people that really need it the most. Most Importantly PRAYERS and options to get off the street are given to them with the help of Angel’s Camp Ministries. This is a repossession company repossessing souls in the name of Jesus Christ, Our Lord and Saviour. If you would like to join us in our mission. Please contact us.
At L.A.W. Recovery Services we offer expert repossession services to finance companies, banks and other lending institutions. Our experienced and knowledgeable team uses the latest and most advanced technological methods to track down and recover collateral including the use of LPR cameras on our tow trucks that can spot license plates and help identify the target vehicles. We specialize in vehicle repossession and our agents are trained to avoid confrontations and practice conflict minimizing techniques, allowing our clients to avoid any unpleasantness and reducing negative reactions from the debtor as well. L.A.W. Recovery Services conducts skip tracing and handles each case professionally. We employ personnel who are fluent in Spanish, Chinese, Korean, Arabic, Vietnamese and a number of other languages in order to expedite the search process and ensure the best possible outcome in every case we take on. L.A.W Recovery is committed to providing the most reliable and dependable recovery services and doing so with honesty and integrity.
An unfortunate side effect of recent economic downturns is a significant increase in loan defaults, especially in the new and used car industry. These defaults have prompted a matching rise in demand for the services of experienced, professional vehicle recovery companies. While repossession is never the desired outcome of an auto loan, it is sometimes necessary in order to protect the interests of the lender and to prevent damage or loss to the vehicle used as collateral. Recovery companies work for lending institutions and other financial concerns to locate and bring back these vehicles safely and in a timely fashion, allowing the lender to protect the value of their property.
The financial costs of default
Lenders must bear not only the cost of defaulted loans, but the expenses of recovering their collateral when borrowers fail to make the scheduled payments on their car or truck. Uninsured vehicles present an even greater risk to the lien holder, since these vehicles may represent a total loss in the event of an accident and may even create additional financial liability for the lending institution if it is held responsible for any damages caused by the vehicle. Continue reading
In cases where consumers have purchased a vehicle on credit or with payments over time, the loan is generally secured by the vehicle itself. If the borrower then defaults on the loan by failing to make the agreed-upon payments, the vehicle can be reclaimed by the lender as the collateral for that loan. The resulting process is known as recovery or, more commonly, repossession.
What repossession means
Repossession of a vehicle simply means that the lender is taking back the collateral for the loan. Depending on the terms of the contract, even one day of default or late payment may be sufficient for the lender to begin repossession proceedings. In most cases, no legal action is required in order for the lender to take back the property. Repossession does not end the debt owed by the borrower; even after the vehicle has been recovered and sold at auction, any remaining balance is still the responsibility of the borrower.
How repossession works Continue reading
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